Shareholders in Consolidated Media Holdings have given the green light to a $2 billion takeover offer from News Corp. The deal will double the stake of News Corp’s Australian dominant pay-TV platform Foxtel to 50 percent and give it 100 percent of content provider Fox Sports, Reuters reports. Consolidated Media’s board had backed the offer.
Consolidated Shareholders Approve $2 Billion Takeover Offer From News Corp: Reuters
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